IPO Details
Bidding Dates
06 Mar 24 - 11 Mar 24
Price Range ₹
381 - 401
Total Equity
₹ 650.37Cr
Lot Size
37
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
4.01×
Qualified Institutional Buyers
17.50×
Employees
6.88×
Retail Investors
4.01×
Total subscription Rate
9.02×
IPO Timeline
Offer start
06 Mar 2024
Offer end
11 Mar 2024
Allotment
12 Mar 2024
Refund initiation
13 Mar 2024
Demat transfer
13 Mar 2024
Listing
14 Mar 2024
Offer start
06 Mar 2024
Offer end
11 Mar 2024
Allotment
12 Mar 2024
Refund initiation
13 Mar 2024
Demat transfer
13 Mar 2024
Listing
14 Mar 2024
About Company
Founded in 1999, Gopal Snacks Limited is an FMCG company specializing in a diverse range of snack products. Their offerings include ethnic snacks like namkeen and gathiya, alongside western snacks such as wafers, extruded snacks, and snack pellets. Additionally, the company provides fast-moving consumer goods such as papad, spices, gram flour or besan, noodles, rusk, and soan papdi. With 276 SKUs and 84 products from different categories as of November 2023, Gopal Snacks Limited caters to various tastes and preferences, both in India and internationally.
Year Founded
01-04-1999
Promotor Details
Bipinbhai Vithalbhai Hadvani
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 93.5 | 81.49 |
| Share Capital | 116505126 | 101534099 |
Offer to Public
1,62,18,612.00 Cr
Highlights
- Gopal Snacks Limited offers a wide range of snack products, including both ethnic and Western snacks, as well as other fast-moving consumer goods. This diverse product portfolio caters to various tastes and preferences, enhancing customer satisfaction and market reach.
- With products sold in over 523 locations across 10 states and two Union Territories, supported by a robust distribution network comprising three depots and 617 distributors, the company enjoys broad market coverage and accessibility to consumers.
- Gopal Snacks Limited to meet the demand for its products efficiently and effectively, ensuring consistent product availability and timely deliveries.
- The company's association with 69 distributors in Gujarat for more than ten years demonstrates strong distributor loyalty and trust, fostering stable and enduring partnerships that contribute to the company's market presence and growth.
- With a fleet of 263 logistics vehicles to support its extensive distribution network, Gopal Snacks Limited ensures efficient transportation and delivery of products, minimizing lead times and enhancing customer service levels.
Challenges
- The FMCG industry, particularly the snack segment, is highly competitive, with numerous players vying for market share. Intense competition may lead to pricing pressures, reduced margins, and challenges in brand differentiation.
- While the company has a strong presence in certain regions such as Gujarat, over-reliance on specific geographic markets exposes it to risks associated with regional economic fluctuations, regulatory changes, and competitive pressures.
- Dependency on multiple manufacturing units and suppliers for raw materials poses supply chain risks, including disruptions in production, quality issues, and fluctuations in input costs, which could impact operational efficiency and profitability.
- Compliance with regulatory requirements governing food safety, quality standards, and labor laws is essential for FMCG companies. Non-compliance could result in fines, legal issues, and reputational damage.
- While the company boasts significant manufacturing capacity, underutilization of facilities or inability to optimize production efficiency may lead to higher operating costs and reduced profitability. Efficient capacity utilization is crucial for maximizing returns on investment in manufacturing infrastructure.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 3,418.93 | 11.33 | 1,123.69 | 1,123.69 | 9.0184 |
| 2022 | 3,997.22 | 11.33 | 995.68 | 995.68 | 7.991 |
| 2024 | 5,385.37 | 124.60 | 211.22 | 211.22 | 1.6948 |
| 2023 | 4,612.83 | 124.60 | 995.68 | 995.68 | 7.991 |
